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S 1091 111th Congress Senate Taxation Alternative and renewable resources Electric power generation and transmission Energy storage, supplies, demand Income tax credits Residential rehabilitation and home repair Securities

STORAGE Act of 2009

Introduced: May 20, 2009 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5706-5707)
May 20, 2009
Sponsor introductory remarks on measure. (CR S5704-5706)
May 20, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Storage Technology of Renewable and Green Energy Act of 2009 or the STORAGE Act of 2009 - Amends the Internal Revenue Code to: (1) allow a 20% energy tax credit for investment in energy storage property directly connected to the electrical grid (i.e., state systems of generators, transmission lines, and distribution facilities) and designed to receive, store, and convert energy to electricity and deliver such electricity for sale; (2) make such property eligible for new clean renewable energy bond financing; (3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and (4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.

What's happening now May 20, 2009

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5706-5707)

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2